QNT Quant

Use Cases of Quant

Quant is primarily designed to facilitate interoperability between different blockchains, enabling seamless communication and interaction across various platforms. Here are some key use cases:

• Enterprise Interoperability: Quant allows enterprises to leverage multiple blockchain technologies without being locked into a single platform. For example, a financial institution can use Overledger to settle transactions on different blockchains, such as using Bitcoin for payments and Ethereum for smart contracts, all within the same system.

• Decentralized Finance (DeFi) and Blockchain Applications: Quant is also used in DeFi and other blockchain-based applications where the ability to move assets and data across multiple chains can significantly enhance functionality and user experience.

• Cross-Platform Interactions: Quant's Overledger Network enables the creation of decentralized multi-chain applications (MApps) that can operate across multiple blockchains, enhancing flexibility and collaboration between different platforms.

• Financial Applications: Quant is utilized for various financial applications, including stablecoin minting, central bank digital currencies (CBDCs), supply chain management, payments, and micropayments.

• Tokenized Assets: Quant facilitates the creation and management of tokenized assets, such as programmable money and other digital currencies, which can be used in various financial and enterprise applications.

• Multi-Ledger Tokens (MLTs): Quant's Overledger allows for the creation of MLTs, which can be used for cross-border payments, supply chain tracking, and other financial services, enabling changes of ownership between different enterprises and recording transactions throughout their lifecycle.

• Digital Currencies: Quant enables the simple and flexible implementation of digital currencies, supporting a wide range of use cases reliably, securely, and at scale, including central bank digital currency issuance and transactions, tokenized deposits, and programmable money.

Pros of Quant

• Interoperability: Quant enables communication between different blockchains, allowing digital applications to run on various blockchains seamlessly.
• Accelerated Transaction Process: Quant accelerates transaction processes through blockchain interactions, making it faster and more efficient.
• Convenient Interface: Quant offers a convenient and uncomplicated interface that is easy to use, even for beginners.
• Multi-Chain Applications: Quant supports the creation of multi-chain applications (MApps), which can operate on multiple blockchains simultaneously.
• Innovative Technology: Quant's technology is innovative and focuses on data processing between different systems, making it a versatile platform.

Cons of Quant

• Relatively Small and Unknown: Quant is relatively small and unknown compared to other established blockchains, which may limit its adoption.
• Centralized System: Quant's system is somewhat centralized, which may increase security risks and reduce decentralization benefits.
• Competition: Quant faces competition from other projects aiming to achieve interoperability between blockchains, which may challenge its market position.
• Limited Roadmap: Quant's roadmap is not clearly defined, which may make it difficult to predict its future development and success.
• Dependence on QNT Token: The use of Quant's services requires the QNT token, which may limit its appeal if users prefer to use fiat currency instead.

Founders of Quant

The founder of Quant is Gilbert Verdian, who also serves as the CEO of the project. He is a cybersecurity expert with over 20 years of experience and has worked in various government and private sector roles, including Downing Street, HM Treasury, Mastercard, and HSBC. Gilbert Verdian established the Blockchain ISO Standard TC307 initiative in 2015 and is the Convenor of the Interoperability working group WG7 for ISO.

Investors in Quant

Quant is backed by investors such as Eden Block. For more detailed information on Quant's funding and investors, you can visit the Quant funding page on CoinCarp.

Key Funding Details

• Funding Amount: Quant has raised a total of $11,000,000.
• Funding Rounds: Quant has had strategic and seed funding rounds, with the strategic round occurring on July 21, 2020.
• Investor Information: Detailed information on Quant's investors can be found on CoinCarp.

Halal Status of Quant

• Halal Status: Yes
• Reason: Quant is considered halal because it aligns with Islamic values by providing a platform for distributed ledger technology that facilitates the development of decentralized applications and smart contracts, which are permissible under Shariah guidelines. The project's legitimacy and financial screening also meet Shariah compliance criteria.